UCAA Expansion Application

In addition to all other requirements of the Uniform Certificate of Authority (UCAA) Expansion Application, a foreign or alien applicant must also submit the following in association with an expansion application for a Certificate of Authority in Louisiana.

• Third party verification reports for all persons for whom biographical affidavits are supplied. The reports must be prepared by one of the firms included on the list made available by the National Association of Insurance Commissioners for the Uniform Certificate of Authority Application. You may view a copy of this list by clicking here. The applicant should advise the investigator that the reports are being prepared for the Louisiana Department of Insurance and make the necessary arrangements for payment. See the information below regarding waiver of this requirement.
• A completed Form 14 Change of Mailing Address/Contact Information Form. The applicant must, at a minimum, provide contact information for the following contact types;
  • Catastrophe/Disaster Coordination Contact
  • Consumer Complaint Contact
  • Cybersecurity Contact
  • Market Conduct Contact
  • Regulatory Compliance/Government Relations Contact
  • Premium Tax Contact
  • Annual Statement Contact
• Fees in the amount of $2,500. All checks should be made payable to the Louisiana Department of Insurance and the LDI may convert your payments by check to an electronic Automated Clearinghouse (ACH) debit transaction. This means that your account may be debited the day your check is received by the LDI. Although the debit transaction will appear on your bank statement, your check will not be returned to your bank. If the electronic fund transfer cannot be processed for technical reasons, you authorize us to process the copy of your check.

Waiver of Investigative Reports

In certain cases the third party verification report may be waived for specific individuals. The requirements for this waiver are as follows:

1. A third party verification report has been completed and submitted to the LDI for the individual within one year previous to the date of submittal of the complete application packet. OR
   
   
2. The individual in question has been the officer or director of an insurer licensed to do business in Louisiana for a period of not less than 10 years. This exception will not apply when the company has undergone a change of control at any time in that 10-year period.

Electronic Submission of Application

If the application is submitted electronically using the National Association of Insurance Commissioners Uniform Certificate of Authority electronic submission process or via email to [email protected], the only “hard copy” filing requirements for the application would be for the payment of the application fee. There is no need to submit any other portion of the application hard copy if a complete application is filed electronically. However, on all imaged documents that require notarization or certification, the notarization or certification seal must be clearly visible on the image.

Statutory Deposits

Act 159 of the 2021 Regular session of the Louisiana Legislature removed the requirements for most statutory deposits. Foreign and alien insurers are not required to have a deposit in Louisiana and are not required to have a minimum deposit in the domiciliary state. However, the commissioner may, as a condition of the issuance or maintenance of a certificate of authority, require an insurer to make and maintain a deposit based upon the type, volume or nature of the insurance business transacted. If, in the course of our review of the application, a determination is made that such a deposit is required, the applicant will be contacted with the specifics of such a requirement.